EX-99.3 6 y42630ex99-3.txt PRO FORMA COMBINED CONSOLIDATED STATEMENT 1 GOLDONLINE INTERNATIONAL, INC. PRO FORMA COMBINED CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED JULY 31, 2000 EXHIBIT 99.3 (Unaudited)
GOLDONLINE HMS INTERNATIONAL JEWELRY ADJUSTMENTS PRO FORMA Sales and revenues $ 1,634,962 14,564,421 16,199,383 Cost of sales 1,023,215 10,780,192 11,803,407 --------------------------- ------------ Gross profit 611,747 3,784,229 4,395,976 Selling, general and administrative expenses 883,613 2,128,117 (1) 180,000 3,430,820 (2) 239,090 --------------------------- ------------ Earnings (loss) from operations (271,866) 1,656,112 965,156 Other income (expense): Interest expense (30,515) (171,337) (3) (200,000) (401,852) Interest and other income 61,268 206,398 267,666 --------------------------- ------------ 30,753 35,061 (134,186) --------------------------- ------------ Earnings (loss) before income taxes (241,113) 1,691,173 830,970 Income tax expense (benefit) (26,456) (4) 365,000 338,544 --------------------------- ------------ Net earnings (loss) (214,657) 1,691,173 492,426 =========================== ============ Basic and diluted earnings (loss) per share (0.002) 0.006 ============ ============ Weighted average shares outstanding 89,381,618 89,381,618 ============ ============
2 GOLDONLINE INTERNATIONAL, INC. PRO FORMA COMBINED CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED JULY 31, 2000 PRO FORMA ADJUSTMENTS (Unaudited)
DEBIT CREDIT (1) Selling, general and administrative expenses 180,000 Record salary of CEO (2) Selling, general and administrative expenses 239,090 Record goodwill amortization (3) Interest expense 200,000 Record interest on $2,500,000 debt (4) Income tax expense 365,000
Record income taxes based upon combined earnings